https://www.asx.com.au/asxpdf/20190131/ ... jmmpj9.pdf
Bizarrely it’s actually better than I expected it to be ! Maybe I am just getting numb to it.
Don’t get me wrong, it’s still bad enough and progress is excruciatingly slow and even at points backwards, but despite the weather and electric outages preventing as many workovers on wells as planned, production was only down 4% which actually suggests if they can get these done and the new tanks in place soon as, production could start to increase again quite reasonably paced.
Indonesia still looks damp squib and further cost cutting exercises to secure contracts for rig services (think they are clearly hoping for work from the new TT Govt company).
I’m just amazed we are still going. But ranges continues to grind on.. CEO comments they still are optimistic of ‘longer term’ growth of sp for shareholders. Lol, maybe I will get back 10% of my overall investment yet before I start getting my old age pension ! Just 16 years to go.......
Best wishes to all who still read this board
Fubs